On October 1, 2017, Android, Inc. made a loan to one of its customers. The customer signed a 4-month note for $150,000 at 11%. How much interest revenue did the company record in the year 2017? (Round your answer to the nearest dollar.)

The performance test tests if the strategy can produce good:

What will be an ideal response?

Which one of the following statements is NOT true?

A) The accounts receivables turnover ratio measures how quickly the firm collects on its credit sales. B) One ratio that measures the efficiency of a firm's collection policy is days' sales outstanding. C) The more days that it takes the firm to collect on its receivables, the more efficient the firm is. D) DSO measures in days, the time the firm takes to convert its receivables into cash.